About Adap Ventures Private Limited
Data last updated:
Adap Ventures Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 22 February 1985.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U52599TN1985PTC011583. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹9.05 Lakh. It was formerly known as Avighnaa Ventures Private Limited and Avighnaa Holdings Private Limited.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 1 Jambulingam Street Nungambakkam, Chennai, Tamil Nadu, India – 600034.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.23 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹1.16 Lakh (net margin -0.9%) and EBITDA of ₹8.22 Lakh (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Oceanload.
The last known website on record is oceanload.com.
Company details
Name history
Adap Ventures has undergone 3 name changes throughout its history. The company was previously known as Avighnaa Ventures Private Limited, Avighnaa Holdings Private Limited, and Oceanload Maritime Services Private Limited. The current legal name is Adap Ventures Private Limited.
| Company Name | Status |
|---|---|
| Adap Ventures Private Limited | Current |
| Avighnaa Ventures Private Limited | Previous |
| Avighnaa Holdings Private Limited | Previous |
| Oceanload Maritime Services Private Limited | Previous |
Contact details
Adap Ventures Private Limited's registered office is in Chennai, Tamil Nadu. Its website is oceanload.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1 Jambulingam Street Nungambakkam, Chennai, Tamil Nadu, India – 600034
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Adap Ventures Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Adap Ventures operates one associated brand: Oceanload. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive ocean freight forwarding services for efficient global shipping. | oceanload.com |
Business activity
The main business activity of Adap Ventures is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Adap Ventures Private Limited, buy the company report.
Financials of Adap Ventures Private Limited
FY 2019 filings availableAdap Ventures Private Limited reported revenue of ₹1.23 Cr (up 11% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 33% over three years, including 11% growth in the latest year. EBITDA rose 19% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.16 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | -0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Adap Ventures Private Limited, buy the company report.
Board of directors of Adap Ventures Private Limited
Adap Ventures has 4 former directors on record and no current directors listed.
Auditor
Adap Ventures Private Limited is audited by KRISHAAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHAAN & CO | FY 2017 | 001453S |
Shareholding
The shareholding of Adap Ventures Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Adap Ventures Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Adap Ventures Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adap Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Adap Ventures has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Applied Smart Logistics Private Limited | U63012TN1990PTC019795 | |
| Applied Smart Logistics Private Limited | U63012TN1990PTC019795 |
To see the full group structure of Adap Ventures Private Limited, buy the company report.
GST
Adap Ventures has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Adap Ventures Private Limited, buy the company report.
Recent activity
Adap Ventures Private Limited has 4 board changes on record since 2014: 0 appointments and 4 cessations. The latest: Deepti ceased to be Director on 05 Mar 2020.
Frequently asked questions
Adap Ventures has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Adap Ventures was a private limited company based in Chennai, Tamil Nadu, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 22 February 1985 and is registered under CIN U52599TN1985PTC011583. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Adap Ventures is U52599TN1985PTC011583. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adap Ventures was incorporated on 22 February 1985. It is registered with the Registrar of Companies, Chennai.
Adap Ventures can be reached through the website oceanload.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Adap Ventures is at 1 Jambulingam Street Nungambakkam, Chennai, Tamil Nadu, India – 600034.
The latest financial statements of Adap Ventures on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Adap Ventures has 1 GST registration on record and it is cancelled or inactive.
Adap Ventures operated in the business outsourcing industry, in the business and IT consulting segment.
Deepti ceased to be Director on 05 Mar 2020. Prasanna ceased to be Managing Director on 05 Mar 2020. Vasantha Rajagopalan ceased to be Director on 05 Mar 2020. Adap Ventures has 4 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
